Blog | Finances: Cost & Revenue

[dropcap style="font-size: 60px; color: #9b9b9b;"] T [/dropcap]he Postal Accountability and Enhancement Act of 2006 requires the Postal Service to comply with specific sections of the Sarbanes Oxley Act of 2002 (SOX). Among other financial reporting requirements, SOX mandates internal control compliance – making sure that financial transactions are reasonably and fairly presented in the accounting records - and places the responsibility on postal management.

In 1916, the Federal Employees’ Compensation Act (FECA) was enacted. FECA provides medical, compensation, death, and other benefits, such as vocational rehabilitation, and nursing services to federal employees who sustain injuries, including occupational diseases, as a result of their employment. All Postal Service employees are covered by FECA.

Postage Meters are printing machines or systems for home or office that print postage directly onto mailpieces, or onto an approved label, for mailing. Customers can request refunds on meter mail for a variety of reasons. For example, customers can request refunds when meter mail postage is printed for the wrong denomination, mail is damaged before it is delivered to the Postal Service, or postage is printed but not mailed.

We have just been informed our post office in Pine Mountain Club Ca 93222 is being closed. We are a mountain community of 2,315 population. We have never had delivery and must go to our town PO. The...

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Our Semiannual Report to Congress is a record of our work over a 6-month period that reflects our mission of ensuring efficiency, accountability, and integrity in the U.S. Postal Service. As required by law, we publish the SARC – as we affectionately call it – twice a year.

Another holiday season, another massive surge in package volume. This year will be bigger than the last – which was a record-breaking year. It may be an understatement to say the dramatic growth in online shopping continues unabated.

Location, location, location – it’s the mantra of realtors, of course, but is just as important to retailers and service providers, like the U.S. Postal Service. USPS understands the importance of being where people live and shop. It also knows that keeping hours conducive to people’s shopping...

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The U. S. Postal Service has about 265 mail processing facilities nationwide. Mail processing is an integrated group of operations required to sort and distribute mail for dispatch and eventual delivery.

The Postal Service calculates productivity for its various mail processing operations...

The U.S. Postal Service delivers almost 154.2 billion pieces of mail annually using one of the largest vehicle fleets in the country, with over 214,900 postal-owned vehicles. Accurate vehicle base mileage should be established during route inspection and mileage should be monitored daily.

The U.S. Postal Service information technology infrastructure consists of facilities, equipment, services, protocols, and applications used to transmit, store, and process information. These assets are vital to business performance and must be protected.

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